Workington Town’s board has confirmed that the club has made pay cuts to help stabilise the current financial situation.
It was in the form of an optional contract reduction for the players and staff.
The action, say Town, was taken to secure the financial stability of the club amid current cash-flow problems.
During the week, the board met with the players and coaching staff to discuss the current position and develop a way forward.
Its latest statement said: “Results on the pitch have also had a significant impact on attendances and therefore the current business plan.
“Recruitment decisions and the associated costs going into this season will not cost the club its future. There are many positives to work towards, namely a new stadium and the continued planned implementation of many new initiatives around the club.
“The board is working through a plan that deals with the current issues and moves the club forward.
“Due to the majority of current expenditure being player costs, the board proposed an optional contract reduction that would still give the players adequate remuneration and incentive but significantly contribute towards securing the club’s financial status.
“Overall, the response from the vast majority of players and all of the coaching staff has been incredible, and the board hugely appreciates this.
“As a result of the request made of players earlier this week there will be some changes made to the squad with immediate effect. Further details will be announced over the coming days.
“To reiterate, the club is in a fragile position but with the support of staff, volunteers, fans and the local business community the board is confident of being able to turn the position of the club around and refocus on a sustainable business model for the future.”
Part of Town’s immediate problem is they do not have a home fixture until August 21 when fellow strugglers Dewsbury Rams are the visitors.
